Brookfield Infrastructure Partners (BIP) Getting Somewhat Favorable News Coverage, Accern Reports

News coverage about Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Brookfield Infrastructure Partners earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 44.735745604123 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

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BIP traded down $0.02 during trading on Thursday, hitting $40.96. 168,173 shares of the stock were exchanged, compared to its average volume of 327,469. The company has a market capitalization of $14,196.68, a P/E ratio of 27.13, a PEG ratio of 1.17 and a beta of 0.96. Brookfield Infrastructure Partners has a 1 year low of $37.54 and a 1 year high of $46.88. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.75.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Friday, February 9th. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.46). The firm had revenue of $984.00 million for the quarter, compared to analysts’ expectations of $942.00 million. Brookfield Infrastructure Partners had a return on equity of 1.29% and a net margin of 1.95%. equities analysts anticipate that Brookfield Infrastructure Partners will post 3.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.88 annualized dividend and a yield of 4.59%. Brookfield Infrastructure Partners’s payout ratio is currently 124.50%.

Several brokerages have recently weighed in on BIP. National Bank Financial reduced their price target on Brookfield Infrastructure Partners from $48.00 to $46.50 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Scotiabank set a $46.75 price target on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Monday, February 12th. CIBC began coverage on Brookfield Infrastructure Partners in a report on Friday, March 16th. They issued a “sector outperform” rating and a $47.00 price target on the stock. Raymond James increased their price target on Brookfield Infrastructure Partners from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Finally, BMO Capital Markets set a $47.00 price target on Brookfield Infrastructure Partners and gave the stock a “buy” rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.20.

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About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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